In this video I sit down with Darren Morris from Bell Partners to discuss the rule changes around the Capital Gains Tax (CGT) exemption for Australian expats. As an expat with a principle place of residence in Australia, you will lose CGT exemption if your property is not sold or has an exchanged contract on or before 30 June 2020.
If this is applicable to you, ensure you contact Darren with any specific tax enquiries, or me to discuss your property and how you could benefit by selling before 30 June 2020.
James Ledgerwood | The Agency – Property Partner | 0417 927 517 | jamesledgerwood@theagency.com.au
Darren Morris | Bell Partners - Managing Director/Owner (QLD) | 1300 235 575 | dmorris@bellpartners.com
Disclaimer: This presentation and the information relied on has been obtained from third parties. We have not checked its accuracy and have no belief one way or the other as to its correctness. It is not intended to and should not be interpreted as binding taxation advice. Each matter is different and we therefore recommend you to seek independent tax advice suited to your specific circumstances. Please feel free to contact Darren Morris from Bell Partners on 1300 235 575 should you wish to discuss your tax affairs in private.
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